Financial institution

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    Financial institutionfinancial institution is an intermediary organisation that provides financial services and makes financial transactions for its clients.

    Some common types of financial institutions:

    Financial institutions are usually regulated in at least one form. Government regulation at a basic level is usually in the form of laws that determine the scope and limitations of a type of financial institution.

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    Financial regulators work directly with financial institutions to ensure they comply with specific regulations that determine their obligations to their clients and to required market practices.

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